state gov PSTCL/PSPCL Clerk Mock Test 2021 Quantitative Aptitude Interest Simple Interest

Pawan lends Rs. 2,400 to Mahesh for 3 years and Rs. 3,600 to John for 5 years at the same rate of interest. Pawan received a total amount of Rs. 1200 as interest. Find the approximate rate of interest.

1
5.23%
2
4.35%
3
5.60%
4
4.76%
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